Old Mutual Private Equity (OMPE), a unit of Old Mutual Alternative Investments, has agreed to acquire a majority stake in Honoris United Universities, the pan-African private higher education group. The deal sees Actis exit its investment in the company.

Actis, a global investment firm, launched Honoris to bring together institutions across Africa and expand access to private higher education. The network has more than 100,000 students in 26 cities and includes 16 institutions, ranging...

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